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ICA Gruppen AB (ICAA.ST)

ICAA.ST on Stockholm Stock Exchange

313.40SEK
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Latest Key Developments (Source: Significant Developments)

Dalsspira to sell crème fraiche in ICA stores
Friday, 19 May 2017 05:12am EDT 

May 19(Reuters) - DALSSPIRA MEJERI AB ::SAYS TO SELL CRÈME FRAICHE AT ICA STORES IN VÄSTRA GÖTALAND AND HALLAND .POSSIBLE TO SELL CRÈME FRAICHE IN UP TO 278 STORES .  Full Article

ICA Gruppen sees Swedish grocery retail market up 2.5-3 pct 2017
Tuesday, 9 May 2017 02:22am EDT 

May 9 (Reuters) - ICA Gruppen AB CEO Per Stromberg to Reuters: :sees swedish grocery retail market up 2.5-3 percent 2017, has confidence in plan to take market share.the number of ica sweden stores with e-commerce could reach around 250 by year-end versus around 200 currently.lost some market share in baltics in q1 due new competition from lidl in lithuania and store conversions in estonia, will see an effect from both also the rest of 2017.  Full Article

Sales in Swedish ICA stores rose 8.0 pct in April
Tuesday, 9 May 2017 01:05am EDT 

May 9 (Reuters) - Ica Gruppen :Says sales in Swedish Ica stores increased by 8.0% in April 2017 compared with corresponding month last year. Sales in like-for-like stores increased by 7.3% .  Full Article

ICA Gruppen Q1 EBIT before one-offs slightly above expectations
Tuesday, 9 May 2017 01:00am EDT 

May 9 (Reuters) - Ica Gruppen :Q1 operating profit excluding non-recurring items totalled sek 996 million (959).Reuters poll: q1 adjusted operating profit was seen at sek 988 million.  Full Article

ICA Gruppen March like-for-like sales -1 pct
Monday, 10 Apr 2017 02:45am EDT 

Ica Gruppen : Says sales in like-for-like stores decreased by 1.2% in March . Says sales in swedish ica stores decreased by 0.6% in march 2017 compared with corresponding month last year .ICA Gruppen estimates the calendar effect for March to be -2.0%. The large negative calendar effect relates to Easter in March 2016.  Full Article

Sales in Swedish ICA stores rose 0.3 pct in Feb
Wednesday, 8 Mar 2017 02:45am EST 

ICA Gruppen : Says sales in Swedish ICA stores increased by 0.3 percent in February 2017 compared with corresponding month last year .Says sales in like-for-like stores decreased by 0.3 percent.  Full Article

ICA Gruppen Q4 core EBIT, dividend slightly above expectations
Wednesday, 8 Feb 2017 01:00am EST 

Ica Gruppen : Q4 operating profit excluding non-recurring items totalled sek 1,180 million (1,024) . Ica gruppen says board of directors proposes a dividend of sek 10.50 per share (10.00) for 2016, corresponding to 62% (41%) of profit for year . Reuters poll: ica q4 adjusted operating profit was seen at sek 1,156 million, dividend at sek10.10per share . Ica gruppen says for full year we grew our market share slightly, and we continue to show good growth for rimi baltic and apotek hjärtat .Says noted a significantly higher rate of price growth in december, which most likely will continue in early 2017.  Full Article

ICA says Dec. sales in Swedish ICA stores +1.6 pct yr/yr
Tuesday, 10 Jan 2017 02:45am EST 

ICA Gruppen : Says sales in Swedish ICA stores increased by 1.6 pct in December 2016 compared with corresponding month 2015. Sales in like-for-like stores increased by 1.1 pct .Says estimates the calendar effect for December to be 0.2 pct.  Full Article

ICA to acquire lithuanian grocery chain for EUR 213 mln
Friday, 23 Dec 2016 01:05am EST 

ICA Gruppen Ab : ICA Gruppen to acquire the Lithuanian grocery retail chain IKI . Says signed an agreement to acquire UAB Palink, which operates the grocery retail business IKI, for a consideration of 213 million euro on a cash and debt free basis . UAB Palink is acquired for 213 million euro on a cash and debt free basis, corresponding to an EBITDA-multiple of approximately 6.1 times and an EBIT-multiple of approximately 11.6 times for the twelve months ending in September 2016 . Says IKI is the second largest player in the Lithuanian grocery retail market with a market share of approximately 15 per cent during 2015 and a nationwide store network of approximately 230 stores . IKI had net sales of 630 million euro, an EBITDA of 35 million euro and an EBIT of 18 million euro during the twelve months ending in September 2016 . The transaction is expected to generate yearly cost synergies of approximately 15 million euro when fully realized in 2020 . Says acquisition is expected to lead to one-off costs of approximately 40 million euro and related investments amounting to approximately 25 million euro during 2017-2019 . Transaction will be financed using a combination of ICA Gruppen's available cash and existing credit facilities.  Full Article

ICA to increase capex budget next year, to sell real estate
Thursday, 15 Dec 2016 01:30am EST 

ICA Gruppen : Says will expand its capex budget from SEK 2.5 billion in 2016 to 3.5 billion ($377 million) in 2017 . says investments will be partly financed through sale of real estate . On top of the previously communicated sale of the Norwegian property portfolio, during the spring of 2017 ICA will sell additional properties to a joint venture, which is expected to generate approximately SEK 800 million . Says number of new store establishments in 2017 is expected to be slightly lower than in 2016 .ICA Sweden plans to open 10 to 15 new stores in 2017, compared with a total of 17 in 2016. Rimi Baltic plans to open ten new stores in 2017, compared with a total of 15 in the current year. Apotek Hjärtat plans to open a total of 14 new pharmacies in 2017, compared with 11 this year.  Full Article

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